ASTRA announces major new equity facility

Thu, 04 Aug 2022 05:11:47 GMT
Space Daily

Washington DC (SPX) Aug 04, 2022 Astra Space, Inc. (NASDAQ: ASTR) has entered into a common stock...

Washington DC (SPX) Aug 04, 2022 Astra Space, Inc. (NASDAQ: ASTR) has entered into a common stock purchase agreement with B. Riley Principal Capital II, LLC ("B. Riley Principal Capital II"). The agreement governs a Committed Equity Facility that provides Astra the right, in its discretion and without obligation, to sell and issue up to $100 million of its Class A common stock over the course of 24 months to B. Riley Principal